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Technology Stocks : BuyComp.com
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To: FloydP who wrote ()2/16/1999 11:26:00 AM
From: James1000  Read Replies (1) of 34
 
Buy.com is not a great internet company. It just follows the standard internet company model. Get as much revenue as possible even when that means losing money on half of the products you sell. Then, sell the company as an IPO to people who will pay hundreds of times what the company losses. Buy.com sells below cost on many of its products. Although that would be nice as a charity it simply can't work for a for profit company. They say that they are trying to make money from advertising. If advertisers pay it a high price of $1 per view, then they would still be losing money when they sell a product that they lose $10 on. They obviously don't know how to do the basic math to figure this out. I would invest 100% in the company when it comes out. It does exactly what the other losers do, so will go up a few hundred percent. However,as soon as very large corporations start to use Buy.com as their suppliers the show will be over. I won't keep my money it it for too long.
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